UFP Industries, Inc. (NASDAQ:UFPI) Shares Bought by Stifel Financial Corp

Stifel Financial Corp increased its position in UFP Industries, Inc. (NASDAQ:UFPI) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,037 shares of the construction company’s stock after acquiring an additional 1,189 shares during the period. Stifel Financial Corp owned approximately 0.21% of UFP Industries worth $16,931,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of UFPI. Kayne Anderson Rudnick Investment Management LLC grew its position in UFP Industries by 0.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,224,593 shares of the construction company’s stock worth $361,155,000 after purchasing an additional 28,601 shares during the last quarter. FMR LLC boosted its position in shares of UFP Industries by 13.4% during the third quarter. FMR LLC now owns 1,635,577 shares of the construction company’s stock worth $214,604,000 after buying an additional 193,891 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in UFP Industries by 3.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 887,637 shares of the construction company’s stock worth $116,467,000 after buying an additional 32,555 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in UFP Industries by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,841 shares of the construction company’s stock worth $101,011,000 after buying an additional 4,006 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in UFP Industries by 22.7% in the 2nd quarter. AQR Capital Management LLC now owns 608,187 shares of the construction company’s stock valued at $67,594,000 after acquiring an additional 112,518 shares during the period. 81.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UFPI has been the subject of several recent analyst reports. Wedbush reissued an “outperform” rating and issued a $155.00 price target on shares of UFP Industries in a research note on Monday, November 4th. StockNews.com upgraded shares of UFP Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, UFP Industries presently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

UFP Industries Stock Up 0.4 %

Shares of UFPI stock opened at $133.54 on Tuesday. UFP Industries, Inc. has a 1 year low of $107.49 and a 1 year high of $141.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.25 and a current ratio of 4.31. The business’s fifty day moving average is $131.98 and its 200-day moving average is $123.64. The stock has a market cap of $8.11 billion, a PE ratio of 18.37 and a beta of 1.41.

UFP Industries (NASDAQ:UFPI) last released its earnings results on Monday, October 28th. The construction company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.25). UFP Industries had a return on equity of 14.45% and a net margin of 6.70%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the firm earned $2.10 earnings per share. UFP Industries’s revenue was down 9.8% on a year-over-year basis. Equities analysts expect that UFP Industries, Inc. will post 6.88 earnings per share for the current fiscal year.

UFP Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Monday, December 2nd. UFP Industries’s payout ratio is 18.16%.

Insiders Place Their Bets

In other UFP Industries news, CEO Matthew J. Missad sold 15,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $131.03, for a total transaction of $1,965,450.00. Following the sale, the chief executive officer now owns 314,450 shares in the company, valued at approximately $41,202,383.50. The trade was a 4.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.58% of the stock is currently owned by company insiders.

About UFP Industries

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.